How can you incorporate a growth mindset into your business model?

Having the right mindset in business is critical – and adopting a growth mindset as a leader involves truly embracing the opportunity to learn more in order to allow your business to develop. But how can leaders ensure they’re doing this effectively?

First and foremost – you must be open to change

Workforces across the globe have been drastically changing to suit the needs and requirements for continued growth – both on a personal and professional level. Businesses have been forced to become more agile, adaptable, and flexible – and it’s led to many organisations experimenting and readying themselves for potential failure. For many leaders, this means a huge shift in their traditional approach. As a lot of businesses start to learn that everything can’t be controlled internally, many areas have been re-examined.

Focus on the development of your people

In light of the pandemic, companies have had to put more focus on their employees and adopt an authentic people-first approach. Going forward, employers will need to continue focusing their attention on truly protecting the growth of their employees.

Involve your people

Traditionally, driving business growth and solving critical problems were tasks limited to senior leaders within an organisation. Now though – that’s not exclusively the case. Many organisations are experiencing increased collaboration across the board and inviting employees at all levels to get involved in some of the bigger conversations. This can be of huge benefit to organisations - with a wider breadth of opinions on the table, businesses can enjoy a richer pool to draw ideas from.

Take time before making big decisions

Over the past few months, our world has been moving at an unprecedented pace - and businesses have had to react by making swifter decisions than ever before. However, it’s really important that as we move forward, organisations can take a measured approach and give themselves time when it comes to making critical decisions that could have a long-term impact. Otherwise, if decisions are made too hastily, one wrong move could be extremely costly.

We heard from a panel of thought leaders discuss this topic in a recent roundtable event.  Watch the session in full in the recording below: